Dollar is losing ground quickly as markets move into May, caught between a powerful risk rally and a sharp rebound in the Japanese Yen. What stands out is not just the scale of the move, Read more…
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Key Highlights USD/JPY started a sharp decline after it failed to clear 160.80. It dived over 500 pips and traded below 156.50 on the 4-hour chart. EUR/USD is again moving higher toward the 1.1750 resistance. Read more…
Japan’s PMI Manufacturing was finalized at 55.1 in April, up sharply from 51.6 in March and marking the strongest reading since January 2022. The data points to a robust rebound in factory activity, with output Read more…
Japan’s Tokyo core CPI (excluding fresh food) rose 1.5% yoy in April, below expectations of 1.8% yoy and slowing from 1.7% in March. The reading marks the weakest pace since March 2022, suggesting a temporary Read more…
Key insights from the week that was. In Australia, the Q1 CPI report provided the first official estimate of the impact on local prices of the Middle East conflict. Headline inflation accelerated sharply to 1.4% Read more…
Silver and Gold are bouncing higher again after the Federal Reserve and other Central bank meetings With Oil and the US Dollar stumbling on the session, Metals and other risk assets are shining bright Intraday Read more…
Japanese yen surged across the board on Tuesday, gaining around 3% vs its major counterparts, in the biggest daily gain since late 2022. The rally was sparked by comments from Japan’s FinMin who said that Read more…
The ECB held policy rates unchanged as widely expected with the deposit rate at 2.00% on Thursday 30 April. Lagarde refrained from giving firm guidance of the future rate path and stated that the ECB Read more…
The Bank of England on hold, as widely expected. A scenario framework was presented and suggests rate hikes would be the appropriate response, but the governor was very careful not to pre-commit to anything. We Read more…